DXNLX vs. QLD
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares Ultra QQQ (QLD).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or QLD.
Correlation
The correlation between DXNLX and QLD is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DXNLX vs. QLD - Performance Comparison
Key characteristics
DXNLX:
1.14
QLD:
1.06
DXNLX:
1.58
QLD:
1.51
DXNLX:
1.21
QLD:
1.20
DXNLX:
1.55
QLD:
1.48
DXNLX:
5.14
QLD:
4.58
DXNLX:
5.11%
QLD:
8.48%
DXNLX:
23.13%
QLD:
36.76%
DXNLX:
-47.71%
QLD:
-83.13%
DXNLX:
-3.21%
QLD:
-5.86%
Returns By Period
In the year-to-date period, DXNLX achieves a 3.14% return, which is significantly lower than QLD's 4.53% return.
DXNLX
3.14%
-1.83%
10.58%
22.90%
17.70%
N/A
QLD
4.53%
-3.19%
15.30%
33.10%
28.50%
28.69%
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DXNLX vs. QLD - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
DXNLX vs. QLD — Risk-Adjusted Performance Rank
DXNLX
QLD
DXNLX vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares Ultra QQQ (QLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DXNLX vs. QLD - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 2.74%, more than QLD's 0.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 2.74% | 0.17% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.24% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
DXNLX vs. QLD - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for DXNLX and QLD. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. QLD - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.36%, while ProShares Ultra QQQ (QLD) has a volatility of 10.15%. This indicates that DXNLX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.